diff --git a/sdk/communication/Azure.Communication.Common/CHANGELOG.md b/sdk/communication/Azure.Communication.Common/CHANGELOG.md
index 839e2cb59201..9b0bede7dc11 100644
--- a/sdk/communication/Azure.Communication.Common/CHANGELOG.md
+++ b/sdk/communication/Azure.Communication.Common/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.4.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.3.0 (2024-02-13)
 
 ### Features Added
diff --git a/sdk/communication/Azure.Communication.Common/src/Azure.Communication.Common.csproj b/sdk/communication/Azure.Communication.Common/src/Azure.Communication.Common.csproj
index 915ccefb3628..afb49e67b23e 100644
--- a/sdk/communication/Azure.Communication.Common/src/Azure.Communication.Common.csproj
+++ b/sdk/communication/Azure.Communication.Common/src/Azure.Communication.Common.csproj
@@ -5,9 +5,9 @@
       For this release, see notes - https://github.com/Azure/azure-sdk-for-net/blob/main/sdk/communication/Azure.Communication.Common/README.md and https://github.com/Azure/azure-sdk-for-net/blob/main/sdk/communication/Azure.Communication.Common/CHANGELOG.md.
     </Description>
     <AssemblyTitle>Azure Communication Services Common</AssemblyTitle>
-    <Version>1.3.0</Version>
+    <Version>1.4.0-beta.1</Version>
     <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
-    <ApiCompatVersion>1.2.1</ApiCompatVersion>
+    <ApiCompatVersion>1.3.0</ApiCompatVersion>
     <PackageTags>Microsoft Azure Communication Service;Microsoft;Azure;Azure Communication Service;Communication;$(PackageCommonTags)</PackageTags>
     <TargetFrameworks>$(RequiredTargetFrameworks)</TargetFrameworks>
     <RootNamespace>Azure.Communication</RootNamespace>